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LatinNews Regional Monitor: Brazil & Southern Cone - 10 May 2018
In brief: Brazil
*Neoenergia, which is controlled by Spanish energy company Iberdrola, has said it is still interested in acquiring the shares of Brazilian electricity distributor Eletropaulo, even after Neoenergia requested arbitration against Eletropaulo on 8 May. Under an agreement signed in April, Neoenergia agreed to buy all the shares in Eletropaulo with a view to taking over the company. But Eletropaulo cancelled the offer having received a higher takeover bid from rival Italian company Enel. Eletropaulo shareholders will make a final decision on the takeover before an auction scheduled for 4 June, until which time they can still receive new bids.
